Porn Profits: OnlyFans Owner Made Over $500M In Dividends During Pandemic

If you’re not in the pornography business during a pandemic, are you even making money? OnlyFans owner Leonid Radvinsky is said to have made about $517 million in dividends since the beginning of 2021, thanks to the subscription platform’s surging profits during the pandemic.

OnlyFans raked in $433 million in pretax profits during the 12 months ending on November 30, marking a seven-fold increase compared to the same period a year earlier, the company reported on Thursday. As a result, Radvinsky, who made his prominence in the adult entertainment industry, received $284 million in dividends in 2021, followed by another $233 million between January and August of this year. That means Radvinsky made a jaw-dropping $1 million per day since January, as both creators and users flocked to the social media subscription service best known for its pornographic content.

OnlyFans receives a 20% commission on all content posted to its website, sending its revenue soaring from $358 million to $932 million for the period. The company reported that its subscriptions more than doubled, while the number of creators using the website rose by over one-third.

The company last year decided to axe pornography from its website and instead focus on other categories, but walked back the decision following outcry from creators.

Information for this briefing was found via Bloomberg. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.